ASML (NASDAQ:ASML) Shares Gap Down to $976.92

Shares of ASML Holding (NASDAQ:ASML) gapped down prior to trading on Wednesday . The stock had previously closed at $976.92, but opened at $942.81. ASML shares last traded at $911.44, with a volume of 1,102,558 shares.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of recent analyst reports. Kepler Capital Markets upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Raymond James boosted their price objective on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Wells Fargo & Company boosted their price objective on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Cantor Fitzgerald started coverage on shares of ASML in a report on Tuesday, January 23rd. They issued an “overweight” rating on the stock. Finally, Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Trading Down 2.0 %

The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average is $959.98 and its two-hundred day moving average is $791.79. The firm has a market cap of $350.80 billion, a P/E ratio of 41.33, a P/E/G ratio of 2.36 and a beta of 1.48.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. ASML had a net margin of 28.44% and a return on equity of 68.32%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.34 billion. As a group, analysts expect that ASML Holding will post 20.4 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio (DPR) is 24.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. WD Rutherford LLC bought a new position in shares of ASML in the first quarter valued at approximately $29,000. Carmel Capital Partners LLC lifted its stake in ASML by 200.0% during the third quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 30 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in ASML during the fourth quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV lifted its stake in ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares during the last quarter. Finally, Addison Advisors LLC lifted its stake in ASML by 220.0% during the third quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.